Lakeland Financial (LKFN) Tops Q4 EPS by 3c

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Go back to Lakeland Financial (LKFN) Tops Q4 EPS by 3c

Lakeland Financial Reports Record Quarterly and Annual Net Income

January 25, 2016 8:02 AM EST

WARSAW, Ind., Jan. 25, 2016 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq: LKFN), parent company of Lake City Bank, today reported record high net income of $46.4 million for 2015, versus $43.8 million for 2014, an increase of 6%.  Diluted net income per common share increased 5% to $2.75 for 2015, versus $2.61 for 2014. This per share performance also represents a record level for the company and its shareholders.

The company further reported record quarterly net income of $12.3 million for the fourth quarter of 2015, an increase of 11%, versus $11.1 million for the fourth quarter of 2014. Diluted net income per common share was $0.73 for the... More